China has become Egypt's largest trading partner. Bilateral trade has
reached US$11 billion in 2014, up 14 percent from the previous year.
Egypt still suffers from sharp trade deficits, as Chinese exports to
Egypt are worth 10.5 billion dollars, while Egypt's exports to China
stand at half a billion dollars.
The New Suez Canal was finished
last July, with total costs of 8.2 billion dollars. The canal adds a
new channel to allow ships to move in both directions simultaneously and
expanded an existing sector.
In April 2015, Egypt officially
became a founding member of the Asian Infrastructure Investment bank.
China and Egypt are expecting to deepen cooperation in fields of media,
infrastructure projects and transportation projects.